Mutual Of Correlations

MAEIX Fund   64.08  1.35  2.15%   
The current 90-days correlation between Mutual Of America and Tax Managed International Equity is -0.1 (i.e., Good diversification). The correlation of Mutual Of is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Mutual Of Correlation With Market

Good diversification

The correlation between Mutual Of America and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mutual Of America and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mutual Of America. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Mutual Mutual Fund

  0.99MAAKX Mutual Of AmericaPairCorr
  0.95MACCX Mutual Of AmericaPairCorr
  0.91MACHX Mutual Of AmericaPairCorr
  0.78MAGKX Mutual Of AmericaPairCorr
  0.82MAMOX Mutual Of AmericaPairCorr
  0.87MAMVX Mutual Of AmericaPairCorr
  0.91MASOX Mutual Of AmericaPairCorr
  0.68MARMX Mutual Of AmericaPairCorr
  0.72MURFX Mutual Of AmericaPairCorr
  0.85MURJX Mutual Of AmericaPairCorr
  0.84MURIX Mutual Of AmericaPairCorr
  0.79MURHX Mutual Of AmericaPairCorr
  0.76MURGX Mutual Of AmericaPairCorr
  0.89MURNX Mutual Of AmericaPairCorr
  0.87MURMX Mutual Of AmericaPairCorr
  0.85MURLX Mutual Of AmericaPairCorr
  0.87MURQX Mutual Of AmericaPairCorr
  0.85MURPX Mutual Of AmericaPairCorr
  0.89MUROX Mutual Of AmericaPairCorr
  0.83VFIAX Vanguard 500 IndexPairCorr
  0.85VSMPX Vanguard Total StockPairCorr
  0.85VSTSX Vanguard Total StockPairCorr
  0.83VFINX Vanguard 500 IndexPairCorr
  0.83VFFSX Vanguard 500 IndexPairCorr
  0.87VINIX Vanguard InstitutionalPairCorr
  0.87VIIIX Vanguard InstitutionalPairCorr

Moving against Mutual Mutual Fund

  0.41QREARX Teachers Insurance AndPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Mutual Mutual Fund performing well and Mutual Of Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Mutual Of's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.